Quote from: OnceTwiceThird on November 29, 2019, 07:06:26 AM

Quote from: EdmonLeung on November 28, 2019, 10:39:57 AM

Lets talk about a simple yet important currency valuation perspective; cryptocurrency or fiat.

This valuation approach starts with the interpretation of an essential concept that has been put conveniently within the definition of the word cryptocurrency-a subtle definition that has been lost on many investors, sadly.

Looking at the word cryptocurrency more closely, we see that it is a compound word-that is, two smaller words combined to create a new word with its own meaning:

CRYPTO: a word cryptography abbreviation; the art of writing or solving ciphers and codes;
CURRENCY: something used as a means of exchange; money.

Cryptocurrency is generally defined as a compound word as a digital currency that uses encryption as a mechanism for validating and verifying transactions.

So what is it that lends itself to a new perspective on valuing altcoins within the term cryptocurrency?

What Is Currency?

Currency is a medium of goods and services exchange. In short, its money, usually issued by a government in the form of paper or coins, and generally accepted as a method of payment at its face value.

In the modern world, money is the main means of exchange, having long since replaced bartering as a means of exchanging goods and services.

A new form of currency entered the language, the virtual currency, in the 21st century. Virtual currencies like bitcoins have no physical existence or support from the government and are traded and stored in electronic form.

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Want to forget with altcoin price today still down, I think altcoin season never come again with bitcoin keep down price, now start investing with bitcoin only to get much profit and keep holding with altcoin assets and keep dreaming one day later altcoin have higher price again to give us profit and always stable coin price.

How do you expect altcoin season to start when bitcoin is sti struggling to rise? the present bitcoin value is where it suppose to be so its not a bullrun either, i will only expect altcoins to do better if or when bitcoin reach 20k again